Publication year

24 December 2011 marks the 10th anniversary of Argentina’s dramatic sovereign default. Ten years later, it seems that Argentina is in a much healthier state. We explain what is behind this 'miracle' and conclude that the boom is coming to an end.

In the third quarter of 2011, the size of the economy declined. The net contribution from trade was positive, but this engine was not strong enough to drive the entire economy into the positive territory.

Almost one-and-a-half year after the elections there has finally been a political breakthrough. With the announcement of harsh austerity measures in 2012 the new government hopes to reduce the budget deficit and thereby to regain market trust.

The Prime Minister of Italy, Mario Monti, faces the difficult task of lowering the budget deficit and enacting structural reforms while the economy is falling back into recession. Under the motto Save Italy, the first set of measures has been passed.

The financial crisis has led to increased interest in a financial transaction tax (FTT). However, such a tax has been the subject of controversy for decades. This Special Report looks at the expected effects of a FTT.

Central and Eastern European (CEE) countries are rapidly becoming the first casualties in the euro zone’s war on debt. How is the eurozone crisis affecting or could come to affect the economic stability of CEE?

This article is part of a series of Special Reports that discuss the downside risks to the global economic outlook. In this piece, we take a closer look at the risk of financial repression in the West.